PROJECT

Projects

Summary of Investment Information

Project Number

45118

Company Name

THE ENGINE FUND II LP

Date SPI Disclosed

Feb 25, 2021

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Apr 28, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 10, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 28, 2021
Signed : Jun 18, 2021
Invested : Jul 9, 2021

Sector

Venture Capital Fund

Project Description

 The project entails an IFC equity commitment of up to US$20 million in The Engine Fund II, L.P. (the “Fund”). The Fund is seeking to make venture capital investments in Tough Tech companies seeking to bring breakthrough scientific discoveries and technologies to market, focused on solving global challenges around climate, human health, and advanced systems.                                       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation